Zomato, a meal delivery aggregator, has appointed two individuals to the position of chief of staff following the widely reported search. In a post on X, Zomato's founder and CEO, Deepinder Goyal, stated that the firm got more than 18,000 applications, of which 150 were selected for
With the introduction of the Roadster X series, Ola Electric, the industry leader for electric two-wheelers, has made its foray into the electric motorcycle sector. Five different models are in the lineup, and the starting price is INR 74,999. The Roadster series will start to be delivered in the
In the third quarter of the current fiscal year (Q3 FY25), Swiggy Instamart's margins were negatively impacted by the growing rivalry in the rapid commerce market, as the company increased its investments to keep the competition at bay. The contribution margin for Swiggy Instamart decreased from -1.9%
The Haryana GST authorities have issued a demand order for INR 89.8 lakh to online travel aggregator ixigo. ixigo stated in an exchange filing that it was sent a demand notice by the assistant commissioner of Gurugram, Haryana, requesting that it pay INR 89.9 lakh in GST. In
India is an "incredibly important" market for the massive artificial intelligence (AI) company, according to Sam Altman, founder and CEO of OpenAI. Altman stated that India ought to be among the front-runners of the AI revolution at a fireside chat with Ashwini Vaishnaw, the minister of information technology
According to reports, the proposed network infrastructure and services tax has been delayed until April 1 by the government-backed Open Network for Digital Commerce (ONDC). According to a media report, this choice was made following input from stakeholders and network members. It should be noted that ONDC first announced plans
Deepinder Goyal-led Zomato has announced that it has officially changed its company name to "Eternal Ltd," with the board approving the move on February 6, 2025. This change will apply to the company itself, but the Zomato brand and app will remain the same. Along with the new
Nearly five years after the fast-fashion giant's app was blocked in India due to rising diplomatic tensions between India and its neighbour, China, Isha and Mukesh Ambani's Reliance Retail has successfully reintroduced Shein in India. Shein has returned to one of Asia's biggest retail
On February 4, the leading SaaS company Zoho Corporation announced the launch of Zia Agents, Agent Studio, and Agent Marketplace, further expanding its own AI platform, Zia. Businesses will be able to access, create, and implement intelligent, self-governing digital agents throughout their organisations thanks to these new capabilities. Pre-built, task-specific
Prior to its initial public offering (IPO), last-mile delivery firm ShadowFax has appointed Bijou Kurien, Ruchira Shukla, and Pirojshaw Sarkari as independent directors to its board. The company statement claims that the new additions would improve its governance framework and solidify its place in the changing direct-to-business (D2C) and e-commerce
The Central Goods and Services Tax (CGST) Department has penalised the fintech business Paytm and its CEO, Vijay Shekhar Sharma, for allegedly failing to issue tax bills to its clients in a compliant manner. Sharma was penalised INR 59.94 lakh for the penalty, while One97 Communications, the company that
FreshToHome, a D2C meat firm, has joined the fast commerce trend by offering a delivery service in a few Indian locations that takes 10 to 20 minutes. Although FreshToHome typically delivers orders in 60 minutes, the speed of delivery will rely on how close the customer is to the closest
On February 4, Union Minister Ashwini Vaishnaw stated that a local foundational AI platform is anticipated in ten months, and that India may be able to develop its own high-end processing hardware, known as GPUs, in the next three to five years. Vaishnaw stated that the government will provide 18,
Bollywood star Hrithik Roshan has joined Bengaluru-based cloud kitchen startup Curefoods as a brand ambassador and investor for EatFit, the company's flagship brand, which is now being rebranded as "Kitchens of EatFit." The business did not, however, provide the deal's financial details. According to
At a time when the Securities Exchange Board of India (SEBI) has tightened its grip on financial influencers, well-known financial influencer Sharan Hegde's company, 1% Club, has obtained an Investment Advisor (RIA) licence. Subject to certain rules established by SEBI, the licence permits a person or business to
According to a senior government official who spoke with an international news agency recently, India is reevaluating its position on cryptocurrencies in light of changing perceptions of the virtual asset in other nations. A discussion paper on cryptocurrencies that was scheduled for release in September 2024 may be further delayed
According to the Centre, 19,774 people have received training in various artificial intelligence (AI) courses thus far under the Pradhan Mantri Kaushal Vikas Yojana's fourth iteration (PMKVY 4.0). In order to increase job prospects in the AI industry, the government offers short-term training, upskilling, and reskilling
As of September 2024, 10,208 type-certified commercial drones were registered on the Digital Sky platform, according to information provided to the Parliament by Minister of State for Civil Aviation Murlidhar Mohol. In response to a query, the MoS stated that 96 type certificates had been granted thus far to
Priyanka Gill, a co-founder of the Good Glamm Group and a previous partner at Kalaari Capital, is launching her own business after leaving the Bengaluru-based venture capital firm. As the market for reasonably priced synthetic diamonds grows, Gill is introducing Coluxe, a lab-grown diamond (LGD) brand. This comes after a
One of the most well-known companies in the solar solutions sector, Solarium Green Energy, is preparing to go public with its SME IPO on February 6, 2025. Through this offering, the company would raise around INR 105.04 crore, or $12.5 million. For the business, it is a crucial
WeWork India Management, an office-sharing business owned by the Embassy Group, has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI), the capital markets regulator, in order to acquire money through an initial public offering (IPO). An offer for sale (OFS) of up
According to a company advertisement, e-commerce giant Flipkart has changed the name of its grocery division from "Grocery" to "Kilos," with the goal of offering daily necessities at discounted costs. Kilos is displaying extended delivery timeframes for goods comparable to Amazon's Fresh, in contrast
According to a regulatory filing, Paytm Cloud Technologies Limited (PCTL), the firm's wholly owned subsidiary, has authorised a $1 million (INR 8.7 crore) investment to purchase a 25% share in Seven Technology LLC, the parent company of the Brazilian integrated finance startup Dinie. Following the deal, Dinie
In the upcoming fiscal year, the government has allocated INR 437 crore instead of the INR 2000 crore it had set aside the previous year to promote RuPay debit cards and low-value UPI transactions (up to INR 2,000). The central government has made low-value UPI and RuPay debit card